Creating Shared Value - 2020 Strategy & Results
Brazil | Macroeconomic Outlook
GDP |% (YOY)
10%
8%
6%
4%
2%
0%
-2%
-4%
-6%
-8%
Jun/08
Jun/09
Jun/10
Jun/11
―EU
-USA
2.5%
(2015)
1.4%
(2Q15)
-2.3%
(2015)
Jun/12
Jun/13
Jun/14
Jun/15
-Brazil
Industrial Production x Unemployment
Real Interest Rates | Selic/IPCA %
1
11.1%
10.5%
9.4%
6.6%
11.6%
9.8%
7.4%
6.5%
Itaú
.1%
4.3% 4.6%
5.0%
4.2%
4.5%
3.9%
1.3%
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016
Real Interest Rate
Inflation Breakdown
-IPCA (Consumer Price Index)
(E) (E)
20%
110
11
18%
16%
10
105
14%
8.6%
Jun/16 9
12%
100
10%
8
95
8%
7
6%
90
6.67%
6.23%
6.09%
6
4%
90.0%
Jun/16
2%
85
5
0%
Jun/09
Jun/10
Jun/11
Jun/12
Jun/13
Jun/14
Jun/15
80
4
Jun/07
Jun/08 Jun/09 Jun/10 Jun/11 Jun/12 Jun/13 Jun/14
-Industrial production
Jun/15
Jun/16
Jun/16
(E)
-Unemployment
-IPCA
12 months
IPCA administered prices
12 months
-IPCA non-administered prices
12 months
Itaú Unibanco Holding S.A.Notes: (1) Source: Brazilian Central Bank and Itaú Unibanco analysis; Forecast: Itaú Unibanco analysis
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